A Roadmap to Navigate Compensation.
Compensation Benchmarking
Employee compensation is about more than numbers.
When you view compensation as an investment; it becomes a competitive advantage for your organization. It’s a mindset that allows you to attract top talent, improve engagement, and motivate behaviors for greater success.
SN’s AEC workforce experts help you use real data and see beyond the numbers to create a compensation strategy that uses industry intelligence to design a framework for pay-related decisions.
Benchmarking
Data-Driven Compensation
Benchmarking is the first critical step towards building a compensation strategy. This in-depth analysis helps organizations create fair yet competitive compensation offers. Compensation benchmarking can be a complex process, but it results in better, more informed pay-related decision-making. Through our extensive network of salary surveys and data, including industry-specific resources, SN’s benchmarking services include the following:
- Conduct a job analysis of your positions.
- Identify levers that impact compensation.
- Performa detailed comparison of job descriptions and salaries
- Review benchmarking results with you
- Make recommendations based on comparison
- Align pay ranges with market trends
- Consider the total compensation package
Plan Development
Compensation as a Strategy
In today’s highly competitive workforce, a well-defined compensation strategy can be a significant differentiator for your organization. SN’s workforce experts help you design a compensation plan that simplifies pay decisions and supports your goals of attracting and retaining top talent and creating an engaged and motivated workforce. SN’s compensation experts can help you:
- Define compensation philosophy
- Choose compensation methodology
- Structure job roles and levels
- Develop a performance management process
- Establish increase/promotion guidelines
- Review the total compensation package
- Identify behavior goals and measurement tools
- Create incentive plan
- Conduct incentive plan pilot study
- Implement incentive plan
Benefits
Sound Practices, Real Results
The benefits of a well-thought-out compensation strategy are significant and impact your organization both today and in the future. SN’s experts help you create a destination of talent where people build meaningful careers.
- Attract top talent during the hiring process.
- Retain your best employees
- Simplify compensation budgeting
- Drive high performance
- Encourage behaviors that align with growth goals
- Improve employee morale
- Meet pay-related compliance requirements
Data-Driven Compensation
Benchmarking is the first critical step towards building a compensation strategy. This in-depth analysis helps organizations create fair yet competitive compensation offers. Compensation benchmarking can be a complex process, but it results in better, more informed pay-related decision-making. Through our extensive network of salary surveys and data, including industry-specific resources, SN’s benchmarking services include the following:
- Conduct a job analysis of your positions.
- Identify levers that impact compensation.
- Performa detailed comparison of job descriptions and salaries
- Review benchmarking results with you
- Make recommendations based on comparison
- Align pay ranges with market trends
- Consider the total compensation package
Compensation as a Strategy
In today’s highly competitive workforce, a well-defined compensation strategy can be a significant differentiator for your organization. SN’s workforce experts help you design a compensation plan that simplifies pay decisions and supports your goals of attracting and retaining top talent and creating an engaged and motivated workforce. SN’s compensation experts can help you:
- Define compensation philosophy
- Choose compensation methodology
- Structure job roles and levels
- Develop a performance management process
- Establish increase/promotion guidelines
- Review the total compensation package
- Identify behavior goals and measurement tools
- Create incentive plan
- Conduct incentive plan pilot study
- Implement incentive plan
Sound Practices, Real Results
The benefits of a well-thought-out compensation strategy are significant and impact your organization both today and in the future. SN’s experts help you create a destination of talent where people build meaningful careers.
- Attract top talent during the hiring process.
- Retain your best employees
- Simplify compensation budgeting
- Drive high performance
- Encourage behaviors that align with growth goals
- Improve employee morale
- Meet pay-related compliance requirements
Leadership Spotlight
Kristi Weierbach, Ph.D., SPHR, SHRM-SCP, helping you design a workforce that’s future-ready, and leverages disruption to thrive and succeed.
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